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Bullboard - Stock Discussion Forum L&L Energy, Inc. LLEN

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."

OTCPK:LLEN - Post Discussion

L&L Energy, Inc. > Bowie paid them in full
View:
Post by Cool_Scirocco on Mar 11, 2013 2:17pm

Bowie paid them in full

The payment will show up in the 4Q/FY13 10-K

From page 18 of the 10-Q:

The total owing to the Company as of January 31, 2013 was $5,358,796 including previously accrued interest of $312,783.  On February 28, 2013, the Company received payment of US$5,545,056 from Bowie as the full and final payment for the settlement of the outstanding loan.

https://www.sec.gov/Archives/edgar/data/1137083/000113708313000007/llen10q3-2013.htm

Comment by jdl51 on Mar 11, 2013 2:27pm
More cash for acquisitions.  Even without the payback, production up, revenues up, eps up.